|
Frequently Asked Questions (FAQs) |
|||||||||||||||||||||||||||||||||||||||||||
|
1.
Availability of land a) Near Land near
b) Other Industrial Areas. For details please click here
2.
Rate of The rate of allotment of land varies from
industrial area to industrial area. For
industrial area wise details Please Click here
3.
Terms of Payment 25% d.c. (cost of plot) alongwith security money (equal to 1% of d.c. but minimum Rs. 2500/-) shall be deposited at the time of submission of application. Balance payment of 75% D.C alongwith other charges like economic rent, service charges etc. shall be deposited within 60 days of allotment of land.
As option the balance payment of 75% Development Charges may be deposited in 19 quarterly installments with 13% rate of interest. The following
concessions are available
5. Project ideas RIICO has identified about 214 potential medium and large projects in various sectors like IT and electronics, textiles, automobiles, engineering, agro, chemical, ceramic, minerals, tourism etc. For list of identified projects please click here.
6. Availability of project reports, project briefs. Data Bank of RIICO is maintaining a shelf of various projects reports and brief project profiles on potential medium and large projects. Project reports are available on various sectors like agro, ceramic, chemicals, IT, electronics, engineering, minerals, textiles, tourism etc.
7. For which purpose, RIICO
sanctions loan ?
RIICO sanctions loan for setting up of new Industrial units in the state of Rajasthan, expansion of the existing facilities, diversification, modernisation, etc. Loan is also granted for industrial, commercial and social infrastructure projects like Hotels, Hospitals, Educational Institutions. Entertainment centres, Multiplexes, BOT road and other projects, etc.
8. What is the required
promoters contributions?
Minimum promoters contribution is 30% of the project cost subject to the condition that debt equity ratio does not exceed 1:5:1.
9. What is the current
lending rate?
It is 12% p.a. after considering rebate of 1.5% p.a. for timely
repayment in disbursed rate of interest (13.5%). Further rebate of 1% is
extended to Good Borrowers having net worth of Rs. 100 lacs and tern over of
Rs. 100 lacs subject to satisfactory record of payment and other conditions.
10. Is there any incentive for timely payment of
due-Interest/Principal?
Yes, 1.5% p.a. rebate is given for timely payment.
11. What is the range of investment/ loan considered by RIICO in a
new project?
RIICO
considers loan for projects having investment of more than Rs. 100 lacs.
12. What security is required against loan?
Normally, first charge is taken on the fixed assets of the project. However, depending on risk perception of the Corporation about the project the loan is also secured by collateral security.
13. What time is taken in sanction of loan by RIICO?
2 months subject to submission of complete information in time.
14. What is the repayment period of loan?
The repayment period depends on cash flow of the project. It is generally 7 years including one year moratorium.
15. Does RIICO finance IT Software projects?
Yes, RIICO is providing term loan assistance to IT
projects at par with other projects. There may be requirement of collateral
security depending upon the tangible assets available in the project For high growth oriented IT and other technology based projects RIICO has floating a venture capital fund. 16. What type of schemes are there to suit different financial needs
of the project?
The
various schemes are: a)
Term loan for project. b)
Term loan under Equipment finance scheme. c)
Working capital term loan. d)
Asset credit scheme. e) Flexi loan scheme for hotels & hospitals. f) Term loan for commercial/residential complexes
17. Major concessions and facilities available to industries. ¾ Concessions in land rates for various categories like IT, electronics, physical handicapped, SC/ST, women, ex-serviceman etc. ¾ Interest rebate of 1.5% on timely quarterly repayment by RIICO. ¾ DG Set subsidy for SSI units where plant and machinery does not exceeds Rs.60 lacs @25% of the purchase value of DG set subject to a maximum of Rs.2.5 lacs.
¾
Income Tax
benefit New Industries in the following backward districts of Rajasthan have been exempted from Income Tax, as details given below.
Among 12 Districts, five are in category A and seven in Category B (see the list below). New Industries in Category "A" will get cent per cent exemption for the first five assessment years; and 25 per cent exemption for the next five assessment years. It will be 30 per cent in the case of companies.
While the new industries in Category "B" districts will get a cent per cent exemption for three assessment years; and 25 per cent exemption for the next five assessment years. It will be 30 per cent in case of companies.
Category ; A
1.Jalore, 2. Barmer, 3. Jaisalmer, 4. Churu, 5.Banswara,
Category : B
1.Dugarpur, 2. Dholpur, 3.Sawaimadhopur, 4.Tonk, 5. Nagaur, 6.Jhalawar, 7.Sikar.
¾ No Octroi
¾ Incentives for ISO 9000, quality certification.
18.
Availability of raw material
State has sufficient availability of raw material for various projects in sectors like Agro, Engineering, Cement, Textile, IT, Electronics etc.
19. Do State
Government extend a customized package of incentives ?
Yes, customized packages would be offered to premier projects with an investment of Rs. 150 crore & above and regular employment of 500 persons or other special projects in the thrust sectors, as per the State Government industrial policy.
20. Does
RIICO provide land to Service Sector?
Yes, RIICO also provides land to Service Sector like hospitals, warehousing, Educational Institutions etc.
If land measuring 10,000 sqm. or more in normal industrial areas (total land allotted in area is less than 90%) is required for setting-up of warehousing, inland container depots, rebate in land rates are given ranging from 5% to 12.5% depending upon size of plot and category of area.
In slow-moving industrial areas, where less than 50% area has been sold out in more than five years, 10% rebate in rate of development charges is allowed for allotment of 10,000 sqm. size plot. Additional rebate @ 0.5% per 1000 sqm. In case of plot larger then 10000 sqm is also permitted. Total rebate shall be limited to 25%.
Land for nursing homes can be allotted at par with industry in dormant and slow-moving industrial areas. In normal industrial areas, rate shall be 1.5 times of industrial rate.
Land for hotel is allotted through auction only.
21. What is Power tariff for Industries in the
State ?
*Tariff is given below
* Note:- Subject to change
22. Is special package of incentives
available to IT? Yes, Land upto 40% of
prevailing rate in selected IT Zone may be offered to IT. IT units in IT Park
are also exempted from stamp duty. |